Global electrification and automation technologies firm ABB (SIX:ABBN) has signed an agreement to acquire French advanced power electronics company BrightLoop to accelerate its electrification strategy in industrial mobility and marine propulsion.
The acquisition will expand ABB’s capabilities in delivering compact, rugged, and intelligent power conversion systems tailored for the most demanding applications —from construction and mining equipment to electric ferries and offshore vessels.
The transaction is expected to close in Q3 2025, subject to regulatory approvals and customary closing conditions. Financial terms were not disclosed.
As part of the agreement, ABB will acquire an initial 93% controlling interest in BrightLoop and expects to acquire the remaining 7% in 2028.
Founded in 2010 and based in Paris, France, BrightLoop employs some 90 people. The target’s management team will remain a key part of the business and will be critical to its success under ABB’s ownership.
ABB plans to retain BrightLoop’s engineering and manufacturing footprint in France, and to invest in scaling its operations globally. The combined companies will support a shared vision – to empower the energy transition through intelligent, efficient, and sustainable power conversion.
BrightLoop’s converters are built to perform in harsh environments where space, weight, and reliability are critical, making them especially well-suited for electrifying industrial vehicles and marine vessels.
In these applications, electrification not only improves energy efficiency but also significantly reduces fuel consumption, maintenance needs, and emissions. This results in a lower total cost of ownership over the lifecycle of the vehicle or vessel. By leveraging advanced semiconductor technologies such as silicon carbide and gallium nitride, BrightLoop remains at the forefront of high-voltage, high-efficiency power electronics.
ABB says the integration of BrightLoop’s technology and team will enable it to expand its serviceable installed base, enhance its digital capabilities, and accelerate innovation across its electrification portfolio.
ABB has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
Write to Adam Orlando at Mining.com.au
Images: ABB
